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How much of a market is there for kilo gold bars?
Posted:
Mon Nov 04, 2013 4:37 pmby Nickelless
Not that I have that many FRNs to spend at this point, but I was just doing my daily drool on APMEX and got to wondering, how big of a market is there for kilo-sized gold bars? Who would hold kilo bars for what reason? I can see how it would be a very compact store of wealth now and after TSHTF but in terms of fungibility, there are limited options for trade unless you're going for a lot of land as a trade. Just curious to know what you guys think.
Re: How much of a market is there for kilo gold bars?
Posted:
Mon Nov 04, 2013 9:04 pmby AGgressive Metal
It depends on what circles you are trading in; guys like us can't stack kilos, but if you're on Wall Street, on in City of London, Hong Kong, Zurich....
Re: How much of a market is there for kilo gold bars?
Posted:
Mon Nov 04, 2013 9:23 pmby Morsecode
I bought a pretty Credit Suisse kilo at the start of the 1st Gulf War, 1990. I hung onto it til the novelty wore off and sold it to my lcs. Walked in, walked out with a check. Nowadays they probably want to see the xray results before parting with the fiat. And that, as I see it, is the deal buster for any big bar...au or ag.
Price check August 1990: around $11k
Re: How much of a market is there for kilo gold bars?
Posted:
Tue Nov 05, 2013 11:48 amby Copper Catcher
kilo-sized silver bars
kilo-sized gold bars
Too much! That is, unless you are Adam Youngs!
Re: How much of a market is there for kilo gold bars?
Posted:
Tue Nov 05, 2013 12:57 pmby thegus
ya I wouldn't guess. there would be a huge market for them in everyday dealings but if you can get one whynot? I know I'd love to have that big block of AU in my stack- and like already mentioned if yiu need a large swap then you have something
Re: How much of a market is there for kilo gold bars?
Posted:
Tue Nov 05, 2013 4:40 pmby beauanderos
Re: How much of a market is there for kilo gold bars?
Posted:
Tue Nov 05, 2013 4:42 pmby dakota1955
and I know that I'm not a part of the one percent of one percent
Re: How much of a market is there for kilo gold bars?
Posted:
Tue Nov 05, 2013 8:12 pmby chris6084
Adam Youngs is the one percent of the one percent of the one percent. He kills flies with the gold kilos sitting around in his living room.
Re: How much of a market is there for kilo gold bars?
Posted:
Tue Nov 05, 2013 8:38 pmby Engineer
Provident and Apmex both have buy prices listed...so they wouldn't be THAT hard to get rid of.
Re: How much of a market is there for kilo gold bars?
Posted:
Wed Nov 06, 2013 7:44 pmby scyther
Engineer wrote:Provident and Apmex both have buy prices listed...so they wouldn't be THAT hard to get rid of.
Exactly. There may not be many retail customers who want kilo gold bars, but it's not hard to sell fine gold...
Re: How much of a market is there for kilo gold bars?
Posted:
Tue Nov 12, 2013 11:47 amby tdfxman
Copper Catcher wrote:kilo-sized silver bars
kilo-sized gold bars
Too much! That is, unless you are Adam Youngs!
Yeah I had 3 of these, traded them, but those silver kilo's were nice.
